USDJPY: potential long setup
Hey guys, here's a potential UJ move for this week maybe.
Based on the last 3-4 daily candles, the price direction looks quite bearish to me, so I will wait for either a small correction for a better entry with greater RR, BUT much riskier, or a break of the recent resistance zone and daily 50EMA and subsequent entry for a long position after a pullback to the same zone or near it.
Based on the last 3-4 daily candles, the price direction looks quite bearish to me, so I will wait for either a small correction for a better entry with greater RR, BUT much riskier, or a break of the recent resistance zone and daily 50EMA and subsequent entry for a long position after a pullback to the same zone or near it.
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